Oman and Iran jointly introduce a toll mechanism for the Strait of Hormuz, go short aggressively! 7.6 BTC and ETH strategy



It has been half a month since the US and Iran formally signed the 14-point memorandum of understanding, but little progress has been made in negotiations. Oman and Iran are jointly discussing a new maritime security governance framework, and market sources say the two countries intend to introduce a ship transit fee mechanism. The US has consistently and strongly opposed any toll collection in the Strait of Hormuz. The Trump administration previously issued harsh warnings that if Oman assists Iran in setting up a toll system, the US would impose severe sanctions. This morning, the Israeli Air Force launched an airstrike on a residential apartment near the Jordanian Hospital in the southwestern part of Gaza City, Tel al-Hawa. The ceasefire agreement simply cannot restrain Israel, and it is unclear whether someone is behind this. Yesterday's short strategy aimed for a larger move, but even with a break-even stop loss, it was still stopped out!

From a technical perspective, the daily chart shows five consecutive bullish candles, with the price near the upper Bollinger Band, yet the bands have not widened significantly. The KDJ three lines are a golden cross, but the fast line is clearly slowing down. This morning's close is a doji, indicating a likely pullback. So, today we will take a short position near the high to catch the pullback!

7.6 Short Position Strategy:
BTC: Short at current price 63500-64000, defense near 65000, target 62500-62000-61500, if broken, look at 61000-60500-60k, if further broken, move stop loss to break-even and watch the situation!
ETH: Short at current price 1785-1820, defense above 1850, target 1700-1670, if broken, look at 1650-1630, if further broken, move stop loss to break-even and watch the situation!

7.6 Long Position Strategy:
BTC: Go long on pullback to 59500-60k, conservative entry near 58500-59000, defense near 58000, target 61000-61500-62000, if broken, look at 62500-63000, if further broken, move stop loss to break-even and watch the situation!
ETH: Go long on pullback to 1600-1630, conservative entry near 1530-1560, defense near 1500, target 1650-1700-1720, if broken, look at 1750-1780, if further broken, move stop loss to break-even and watch the situation!

The US-Iran talks have been ongoing for half a month, but actually no progress has been made. Coupled with Israel not being bound by the ceasefire agreement, conflict is likely to escalate again. So everyone should be cautious about chasing longs! #gStocks代币化股票上线
BTC0.12%
ETH0.23%
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HaoNanChenHappyNewYearAnd
· 5h ago
Mousse gel extra personnel; 🤺 kicked the fencer again because the weather was bad.
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